Louisiana Revised Statutes 33:5085 – A self-insurance fund shall not function as a means of sharing risks of loss among the members of a risk management organization until the risk management organization administering
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A self-insurance fund shall not function as a means of sharing risks of loss among the members of a risk management organization until the risk management organization administering the fund has received, for general liability, property coverage, and any other pooled line of coverage risks, an annual gross premium calculated in accordance with the applicable manual premium rate or rates, plus or minus applicable experience credits or debits, of not less than two hundred thousand dollars for each line of risk.
Acts 2022, No. 686, §1, eff. June 18, 2022.